A Comprehensive Overview at How the Sports Industry Operates and the Challenges Facing the Modern Sports Industry Today. Sports management is the principle of organising and running sports and sports activities. It focuses primarily on the business side of sports but also on how sports can have a positive impact on our lives. In sports management, the economic and social effects of sports are measured and studied. The modern sports industry is worth billions of dollars and creates employment for millions of people. Sports management focuses a lot on how to improve the industry and how to maximise profits and success of sporting organisations. Someone working in sports management might be the executive of a professional club, a sports brand or a sporting organisation or league. Sports management is also a useful subject for sports coaches, event planners and any management role. Sports have always been an important part of human society, and the sporting industry has grown to have a major economic impact on the world too. Throughout history, humans have used sports to have fun, demonstrate their skills and engage in competition. Sports allow us to engage our innate need to compete against others while also promoting a healthy and active lifestyle. Sports have always been popular with fans and now, thanks to advances in technology, sports fans are now able to watch sports whenever they like. The increased availability of sports has led to a rapid growth in the industry and the professional sports we see today are a direct result of that. As the sports industry has gotten more professional, the need for effective sports management has grown. Sports have become more competitive than ever, and the margins for success are normally very small. This means that effective management is more important than ever, as it can make the difference between success and failure at the highest levels of sports. In the future, as the impact of technology and management practices grow, executives with a deep understanding of sports management will be in high demand. Through learning about how the principles of management relate to the sports industry, you’ll be preparing yourself for a successful career in the world of sports.